How to install an Expert Advisor

This little tutorial will show you how to install an expert advisor in Metatrader 4 & 5 if you have a compiled (.ex4 or .ex5) version.

First open your Metatrader and click in the above left corner on “File > Open Data Folder”.

Metatrader - open data folder

Then navigate to “MQL4 > Experts” respectively “MQL5 > Experts” and copy and past the file inhere. (For indicators copy the file into the Indicators folder instead)

Then restart your Metatrader. The Expert Advisor should show up in the Navigator under “Expert Advisors”.

To open the Navigator click on “View > Navigator” or with Ctrl+N.

Metatrader - Navigator

Now double-click the EA or drag and drop it to the chart and the below window appears. Allow live trading in the Common tab and set your settings in the Inputs tab and click on OK.

Metatrader - Expert Advisor common tab

The smile in the above right corner of the chart should now smile. If it doesn’t click on AutoTrading.

Metatrader - enable AutoTrading

Now you know how to install an Expert Advisor in Metatrader 4 & 5. You now only have to wait until a trade opens.

4.4/57 ratings

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.